Strength Seen in Sophiris Bio (SPHS): Stock Soars 25% – Tale of the Tape

Zacks

Sophiris Bio, Inc. (SPHS) was a big mover last session with its shares surging 25% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $2.56 to $3.10.

This clinincal-stage biopharmaceutical company provider has seen no estimate revisions in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rockwell Medical currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks worth considering in the medical products industry are GW Pharmaceuticals plc (GWPH), ICU Medical, Inc. (ICUI) and Abaxis, Inc. (ABAX). While GW Pharmaceuticals sports a Zacks Rank #1 (Strong Buy), ICU Medical and Abaxis carry a Zacks Rank #2 (Buy).

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